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$44b remittance run-rate masks risks

[After a record year, overseas Pakistanis appear set for another milestone, sending $7.3 billion home in the first two months of FY27, 14.7% more than the $6.4 billion received in the same period last year, building on a historic $41.6 billion in FY26. The State Bank of Pakistan said workers' remittances stood at $3.7 billion … Read more

Rs5.7 billion approved for SAG infrastructure development

Investment exposes scale of work needed before biennial event to held in April 2027 ISLAMABAD: Pakistan has approved a Rs5.7 billion package to upgrade sports infrastructure ahead of the South Asian Games, with authorities seeking to ensure venues are ready to host the regional multi-sport event. The Central Development Working Party (CDWP), chaired by Planning … Read more

Saud laments Pakistan’s batting woes

Pakistan vice-captain Saud Shakeel admitted his side were disappointed after another batting collapse left them struggling against England in the third Test at Edgbaston on Wednesday. Pakistan were bowled out for just 133 in 33.5 overs after losing the toss and being asked to bat first, their shortest innings of the three-match series. Shakeel top-scored … Read more

Trump offers $5,000 to every American if Republicans win midterm elections

US President Donald Trump speaks while hosting a dinner in the Rose Garden at the White House in Washington, DC, US, September 2, 2026. REUTERS President Donald Trump said on Wednesday he would pay every American adult a $5,000 “Trump dividend” if Republicans retain control of Congress in November’s midterm election, an extraordinary attempt to … Read more

NZ envoy pushes B2B links

[Federal Minister for Finance Muhammad Aurangzeb held a meeting with David Pine, High Commissioner-designate of New Zealand to Pakistan, who called on the minister along with Avanthi Kalansooriya, Policy and Public Affairs Adviser, New Zealand High Commission, and Moin M Fudda, Honorary Consul General of New Zealand for Pakistan, to discuss bilateral relations, trade, investment … Read more

PSX loses 699 points over spreading ME war

[ A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. PHOTO: REUTERS KARACHI: Investors remained jittery at the Pakistan Stock Exchange (PSX) on Wednesday as the spreading Middle East war sparked caution, which pulled the KSE-100 index down by 698.56 points, or 0.40%, at close. The … Read more

FBR to clear Rs83b refunds in three months

[ KARACHI: On the directives of Prime Minister Shehbaz Sharif to hold monthly meetings with the Karachi business community in the first week of every month, FBR Chairman Rashid Mahmood Langrial, along with his team, met with office-bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). Highlighting key decisions of the meeting, … Read more

Pensions go fully digital under new rules

ISLAMABAD: The federal government has introduced a new digital pension system under which pension payments will be made exclusively through the system, while pensioners will be required to complete digital verification through NADRA every six months. The Ministry of Finance has issued new rules abolishing the previous paper-based pension verification process. Pensioners will now be … Read more

Several US fighter jets damaged in Iranian strikes on Jordan: report

8 F-15 fighter jets suffered minor damage but were subsequently returned to service Multiple US military aircraft were damaged in Iranian strikes carried out overnight on Tuesday into Wednesday local time at Muwaffaq Salti Air Base in Jordan, CBS News reported, citing sources familiar with the situation. The sources reportedly said that approximately eight F-15 … Read more